Private Wealth Partners LLC Has $59.14 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Private Wealth Partners LLC decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 17.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 356,578 shares of the information services provider's stock after selling 73,761 shares during the quarter. Alphabet comprises 4.7% of Private Wealth Partners LLC's holdings, making the stock its 4th largest position. Private Wealth Partners LLC's holdings in Alphabet were worth $59,138,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in GOOGL. MorganRosel Wealth Management LLC grew its position in Alphabet by 3.6% during the second quarter. MorganRosel Wealth Management LLC now owns 1,620 shares of the information services provider's stock valued at $295,000 after purchasing an additional 57 shares in the last quarter. Hengehold Capital Management LLC boosted its stake in shares of Alphabet by 0.8% during the 2nd quarter. Hengehold Capital Management LLC now owns 7,224 shares of the information services provider's stock valued at $1,316,000 after buying an additional 60 shares during the period. Christopher J. Hasenberg Inc grew its holdings in shares of Alphabet by 75.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider's stock valued at $26,000 after acquiring an additional 60 shares in the last quarter. First PREMIER Bank increased its stake in shares of Alphabet by 3.8% in the third quarter. First PREMIER Bank now owns 1,655 shares of the information services provider's stock worth $275,000 after acquiring an additional 61 shares during the last quarter. Finally, MKT Advisors LLC raised its holdings in shares of Alphabet by 0.8% during the third quarter. MKT Advisors LLC now owns 7,363 shares of the information services provider's stock worth $1,221,000 after acquiring an additional 62 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In related news, Director Kavitark Ram Shriram sold 10,500 shares of the company's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $177.41, for a total value of $1,862,805.00. Following the completion of the sale, the director now owns 319,966 shares in the company, valued at approximately $56,765,168.06. This represents a 3.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $167.66, for a total value of $3,772,350.00. Following the transaction, the chief executive officer now owns 2,159,885 shares in the company, valued at approximately $362,126,319.10. This trade represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 206,795 shares of company stock worth $34,471,141 over the last 90 days. 11.55% of the stock is owned by insiders.

Alphabet Price Performance

NASDAQ:GOOGL traded down $3.09 during mid-day trading on Friday, reaching $172.49. 32,504,649 shares of the company were exchanged, compared to its average volume of 27,145,184. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.11 trillion, a PE ratio of 22.88, a PEG ratio of 1.27 and a beta of 1.03. Alphabet Inc. has a 12 month low of $127.90 and a 12 month high of $191.75. The company has a fifty day moving average of $165.61 and a 200 day moving average of $170.13.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion for the quarter, compared to analysts' expectations of $72.85 billion. During the same period in the prior year, the firm earned $1.55 earnings per share. On average, research analysts anticipate that Alphabet Inc. will post 7.99 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. Alphabet's dividend payout ratio (DPR) is currently 10.61%.

Analyst Ratings Changes

GOOGL has been the subject of several recent research reports. Roth Mkm boosted their price target on Alphabet from $206.00 to $212.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Needham & Company LLC reissued a "buy" rating and issued a $210.00 target price on shares of Alphabet in a research report on Wednesday, October 30th. Tigress Financial increased their price target on shares of Alphabet from $210.00 to $220.00 and gave the stock a "strong-buy" rating in a research note on Thursday, September 26th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $181.00 price objective on shares of Alphabet in a research note on Wednesday, July 24th. Finally, Loop Capital upped their price objective on shares of Alphabet from $170.00 to $185.00 and gave the stock a "hold" rating in a report on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.90.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.